The Reporter provides a monthly summary of federal legislative and regulatory developments of relevance to federally regulated financial institutions. It does not address provincial financial services legislative and regulatory developments, although this information is tracked by BLG and can be provided on request. In addition, purely technical and administrative changes (such as changes to reporting forms) are not covered.
|
Institution |
Published |
Title and Brief Summary |
Status |
|---|---|---|---|
|
OSFI [Applicable to insurance companies] |
Dec 20, 2013 | Draft revised version of the Minimum Capital Test guideline for property and casualty insurers. The guideline will be applicable for the year 2015. | Interested parties are invited to provide comments by March 15, 2014. |
|
OSFI [Applicable to insurance companies] |
Issued - Dec, 2013 | Revisions have been made to Guideline A, Minimum Continuing Capital and Surplus Requirements (MCCSR) for life insurance companies, which has been renamed Guideline A, Minimum Continuing Capital and Surplus Requirements (MCCSR) | Effective Jan 1, 2014 |
|
OSFI [Applicable to insurance companies] |
Revised - Dec, 2013 | Further to the November 8, 2013, letter from Deputy Superintendent Mark Zelmer, the revised Transaction Instruction for Superintendent approvals for reinsurance with a related party is now available on OSFI's website. | Effective Jan 1, 2014 |
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
